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Boutique Business in Coolum Beach
$1,180,000
Resort / Holiday management rights, Coolum Beach QLD
This is a rare opportunity to acquire a well-established, boutique holiday apartment business in the heart of Coolum Beach.
Offering an excellent lifestyle opportunity for a couple looking to manage a holiday complex in a stunning beachside location. With high repeat business and well-maintained facilities, this is a walk-in, ready-to-go operation.
The property is in a prime position, offering guests easy access to a well-known surf beach, the shopping and dining esplanade, and numerous local attractions. The current 63% average occupancy rate leaves plenty of room for growth, presenting a savvy operator with the potential to increase revenue and capitalize on this prime location.
With no set office hours enjoy true flexibility to run the business on your terms. The current owner also manages 2 apartments in an adjacent complex and has just added a third not reflected in the current figures.
Key Highlights
-Net income of over $149k
-23 years remaining on agreements
- No set office hours
-High repeat clientele showing good occupancy all year around.
-Stylishly refurbished managers residence
-All units refurbished to a high standard
For further information please contact the exclusive agency.
More Information
- Total Purchase Price: $1,180,000
- Net Income: $ 149,526
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.2
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?